Shares: Rights and Obligations under Nigerian Law

Abstract

Shares are a commonplace term in corporate law practice. Hence, it is imperative for anyone remotely involved in the operations of company or a prospective investor to be aware of the nitty gritty concerning them. This article seeks to cater to this need by providing an insight into shares and what they represent under Nigerian law and would entail an overview of the:

• Meaning of shares;

• Classes of shares;

• Persons qualified to take up shares;

• Rights of shareholders; and

• Obligations of shareholders.